BOJ’s Kuroda vows to patiently continue current monetary stimulus By Reuters

0
45
© Reuters. FILE PHOTO: BOJ Governor Kuroda attends the Paris Europlace International Financial Forum in Tokyo


© Reuters. FILE PHOTO: BOJ Governor Kuroda attends the Paris Europlace International Financial Forum in Tokyo

TedsWoodworking Plans and Projects

TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda on Tuesday vowed to “patiently continue” the central bank’s “powerful” monetary easing as it was taking longer than previously thought to accelerate inflation to its 2 percent target.

Prices remain weak despite a tight labor market, but the momentum toward 2 percent inflation is intact, Kuroda told lawmakers in parliament.

While continuing its massive monetary stimulus, the BOJ will examine whether the decline in profits at regional banks may undermine financial intermediation, Kuroda added, urging regional banks to step up efforts to reduce costs and extend tie-ups.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here